Hurricane Irma Update

In light of Irma’s changing trajectory and weakened condition, there are a number of updates to the information released in last Friday’s Shap Flash.  Please note the following: Port of Charleston is open and operating normally. Port of Savannah is

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Irma Threatens Supply Chains Across the U.S.

The most recent forecasts for Hurricane Irma now predict the Category 5 storm will make landfall in Florida tomorrow morning, after which Irma is expected to continue her trajectory, diminishing in size and severity throughout her journey along the Southeast

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Hurricane Irma Update

Hurricane Irma,  a Category 5 hurricane with winds consistently exceeding 180 MPH, making it the strongest hurricane to ever originate in the Atlantic, made landfall in the Caribbean yesterday and is already reported to have caused 9 deaths and millions

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Houston and Gulf Coast Ports Expected to Resume Operations by Labor Day

Despite the destructive wake of Hurricane Harvey, which was officially classified as a Category 4 hurricane, the majority of affected Gulf Coast ports are hoping to resume normal operations by Labor Day. Though the Coast Guard has already reinstated partial

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Houston, A Crippled Transportation Hub

Based almost exclusively on the historical levels of flooding in the aftermath of Hurricane Harvey, all major components of Houston’s vast transportation gateway are closed and inoperable. George Bush Intercontinental Airport (IAH), The Port of Houston, and all major rail

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2017 BRICS Summit in Xiamen Likely to Cause Congestion and Delays

The 9th annual BRICS (Brazil, Russia, India, China and South Africa) Summit, which is touted as a major international relations event that brings in top officials from each member nation, is being hosted in Xiamen, China this year. The 2017

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PierPass and WCMTOA Implement August 1 TMF Increase

PierPass, a non-profit company that seeks to create greater port efficiency and sustainability, and the West Coast Marine Terminal Operator Agreement (WCMTOA) have announced an increase to the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long

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COSCO Likely to Acquire OOCL for $6.3 Billion

COSCO Shipping has paired with Shanghai International Port Group (SIPG) in a consolidated effort to purchase Orient Overseas International Ltd. (OOIL), the holding company overseeing Orient Overseas Container Line (OOCL). The proposed deal would pay OOIL $10.07 per share, which

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Maersk and APM Terminals Close to Resuming Normal Operations

In its latest press release, Maersk announced that it is nearly recovered from the cyber-attack that left the company’s IT systems in disarray earlier this week. Certain business units and processes are still not fully operational. Here is an outline

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Maersk Booking System and Terminals Slowly Recovering

Though numerous Maersk systems remain offline as a result of Tuesday’s cyber-attack, the company is now accepting bookings from customers who utilize the INTTRA system. Bookings made on INTTRA are likely to take longer than normal to process, but the

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